Prohibited Businesses MANGOPAY

Unfortunately, not all businesses can make use of the MANGOPAY services due to legislation, regulation, network rules or requirements from our providers. We want to be as transparent as possible so please have a look at the below categories to be sure we can be of service to you.

Not sure if MANGOPAY can support your business? Please contact us and we can discuss together if MANGOPAY is the right fit for your business.

We have 3 categories of absolute prohibited businesses that we do not accept as clients.

1. Financial Services

1.1 Investment & Credit Services including;

Rotation savings

Forex

1.2 Money and Legal Services including;

Check cashing

Cash Transfer

1.3 Vital Currency or Stored Value including;

Bitcoin or any crypto currencies related platforms

2. Unregulated, Illegal products and Services

Narcotics

Pyramid schemes

Products and services with varying legal statuses on a state-by-state/country basis

Any product or business that we believe poses elevated financial risk, legal liability or violent card network of bank policies

4. Businesses that are accepted on a case-by-case basis

Apart from the 3 above categories we have multiple services that we allow the use of our services to, but which we judge on a case-by-case basis. If your activity is one of the below, please contact usto ensure together if MANGOPAY is the right fit for your business.

These categories include but are not limited to:

Payment Solutions, on web, mobile, app or by e-mail

Remittance funds

Prepaid card solutions

SaaS e-commerce solutions

SaaS Marketplace solutions

SaaS Crowdfunding solutions

Unregulated Crowdfunding equity platforms

Charitable donations, gift and/or counter gifts

Any solution that is White or Grey Label

Compliant platforms that have their client targets outside of the European Economic Area (EEA)

Complex Financial Workflow platforms

E-commerce platforms, unless your annual turnover is above a certain treshold per year

E-Pharmacy Marketplaces

Online Travel Agencies

Alcohol related services

Please note that MANGOPAY has the full right to deny your business activity at any moment if they see fit and to adjust the above conditions based on changes in its environment.